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BVI Company - Offshore Company Formation JURISDICTIONS & FEES
- General
- Type of Company : IBC
- Political Stability : Good
- Standard Authorised Capital : No
- Tax on Offshore Profits : Nil
- Corporate Requirements
- Local Registered Office and Registered Agent Required : Yes
- Minimum Number of Directors / Managers : 1
- Local Directors Required : No
- Corporate Directors Permitted : Yes
- Minimum Number of Shareholders / Members : 1
- Local Shareholders Required : No
- Corporate Shareholders Permitted : Yes
- Company Secretary Required : No, but normally appointed
- Bearer Shares Allowed : Yes, but not available
- Annual Requirements
- Filing of Annual Return : No
- Submit Audited Accounts : No
- Min. Annual Tax / Licence Fees : US$350
- Shelf Companies Available : Yes
BVI Company - Offshore Company Formation ENERAL INFORMATION
- BVI INTRODUCTION
The British Virgin Islands (BVI) is a group of islands in the Caribbean Sea located approximately 80 kilometers east of Puerto Rico. The BVI became an internally self-governing colony in 1967 and is a member of the British Commonwealth. The largest and most populated Island is Tortola, which has about 16,000 inhabitants. The capital, Road Town, is on the southern shore near Sir Francis Drake Channel. The economy, one of the most prosperous in the Caribbean area but is highly dependent on the tourist industry, which generates about 20% of the national income.
In 1985, the Government offered offshore registration to companies wishing to incorporate in the Islands.
- BVI LANGUAGE
- The official and spoken language is English.
- BVI TYPE OF LAW
- Common Law, based on English Common Law with local modifications and local statutes.
- BVI COMPANY INFORMATION
TYPE OF COMPANY FOR INTERNATIONAL TRADE AND INVESTMENT
- BVI COMPANY is International Business Company (IBC)
- TIME TO BVI COMPANY INCORPORATE
- One Day, but allow ten working days for receipt of documentation.
- BVI Company RESTRICTIONS ON NAME AND ACTIVITY
- Names must end with one of the following words, or their relevant abbreviations - Limited, Corporation, Incorporated, Société Anonyme, Sociedad Anónima.
The following names and their associated activities, cannot be used :
Assurance, Bank, Building Society, Savings, Loans, Insurance, Reinsurance, Fund, Royal, Trust, Chamber of Commerce, University Co-operative and Municipal.
- BVI Company CLASSES OF SHARES PERMITTED
- Registered shares, bearer shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.
- BVI Company DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES
- No.
- BVI Company LICENCE FEES
- Companies with an authorised capital up to US$ 50,000 pay US$ 350 per year. Additional incorporation and annual fees would be payable for companies having a higher share capital.
- BVI Company FINANCIAL STATEMENT REQUIREMENTS
- Whilst there is no requirement to file audited accounts with the authorities, a company is required to keep financial records, which reflect the financial position of a company.
Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. We do not accept any responsibility, legal or otherwise, for any error or omission.
If you would like further information concerning BVI Company Incorporation, please contact our professionals and we will provide you with free advisory.
BVI Company Others Infomation
- In order to meet different demands from clients, we are providing the following offshore company formation service Acting as a holding company International trade Investment .
1. HONG KONG COMPANY
18. NIUE COMPANY
2. BVI COMPANY
19. MARSHALL ISLANDS COMPANY
3. UK PRIVATE LIMITED COMPANY
20. MAURITIUS(GBC1) COMPANY
4. DELAWARE COMPANY
21. MAURITIUS(GBC2) COMPANY
5. NEVADA COMPANY
22. NEVIS COMPANY
6. SINGAPORE COMPANY
23. BELIZE COMPANY
7. GERMANY COMPANY
24. ANGUILLA COMPANY
8. CAYMAN ISLANDS COMPANY
25. ISLE OF MAN COMPANY
9. USA C COMPANY
26. JERSEY COMPANY
10. USA LLC COMPANY
27. LIBERIA COMPANY
11. UK LLP COMPANY
28. TURKS AND CAICOS COMPANY
12. COOK ISLANDS COMPANY
29. VANUATU COMPANY
13. BAHAMAS COMPANY
30. CYPRUS COMPANY
14. PANAMA COMPANY
31. GIBRALTAR COMPANY
15. BERMUDA COMPANY
32. SPAIN COMPANY
16. SAMOA COMPANY
33. RUSSIA COMPANY
17. SEYCHELLES COMPANY
34. SWITZERLAND COMPANY
